Bank of Tokyo-Mitsubishi Must Give Iran Funds to U.S. Families

The Bank of Tokyo-Mitsubishi UFJ
Ltd. was ordered to transfer funds belonging to Iran-based
entities to the families of 17 U.S. Air Force service members
killed in a 1996 attack in Saudi Arabia.

U.S. District Judge P. Kevin Castel in Manhattan ordered
the transfer today. The assets at issue total about $357,000 and
Bank of Tokyo said it doesn’t oppose releasing them, according
to the filing.

The families sought the judgment against Iran after a
federal court in Washington ruled Iran provided support for the
attacks and entered judgment against Iran for damages of
$336,658,063, according to today’s ruling.

The case is Estate of Michael Heiser, 11-cv-1601, U.S.
District Court, Southern District of New York (Manhattan).